The average interest rate for 30-year contracts on jumbo loans -- those larger than $417,500 -- rose from 3.75 percent to 3.78 percent. Points for 30-year jumbo loans rose from 0.3 to 0.38.

Interest rates for 15-year, fixed-rate mortgages rose from 2.86 percent to 2.88 percent with points rising from 0.27 to 0.39.

The average rate for 30-year loans backed by the Federal Housing Administration rose from 3.34 percent to 3.35 percent with points rising from 0.61 to 0.69. Average rate for short-term, adjustable-rate mortgages fell from 2.65 percent to 2.64 percent in the week with points falling from 0.42 to 0.37, the MBA said.

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